Triple Fronted Restaurant in the Heart of Shoreditch

Key Features

• 100+ Covers Over Ground Floor and Basement
• Premises Licence in Place
• Lease expiring in May 2037
• Nominal Premium
• Excellent Transport Links

Description

The premises are currently fitted out as a restaurant over the ground floor with 82 covers and basement fitted out with a further 22 covers with a kitchen, toilets and ample storage.

Available area

The accommodation comprises the following areas:

Location

The property is located on Great Eastern Street in the heart of Shoreditch. Transport links are excellent with Shoreditch High Street Overground station being a short walk away.

Tenure

An assignment of the 2 existing co-terminus leases expiring on 5th May 2037, subject to 5 yearly rent reviews. The Leases are drawn outside the security of tenure provisions of the Landlord and Tenant Act 1954.

Passing Rent

The current passing rent is £120,000 per annum exclusive.

Premium

Nominal Premium.

Planning/Licencing

The premises benefit from E class planning use class, along with a premises licence which allows for the sale of alcohol with table meals within the following days and hours, Sunday to Thursday from 10am till 11pm, Friday and Saturday from 10am till 11:30pm.

VAT

All prices are quoted may be subject to VAT if applicable.

Holding deposit

A holding deposit will be required to secure the property.

Confidentiality

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.